Under Which of the Following Circumstances Might a Case Be

question 68

Multiple Choice

Under which of the following circumstances might a case be pursued as both a criminal and a civil case?

• A)The federal government accuses investment houses of wrongdoing and investors who lost money sue them.
• B)Drug traffickers violate property and federal law by moving drugs across state borders.
• C)Burglars violate federal property and the state sues them for damages.
• D)A state accuses banks of mortgage fraud, sold to investors elsewhere in the nation.

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Definitions:

Factory Overhead

All indirect costs involved in the production process, such as utilities and maintenance, not directly tied to production output.

Debit Balance

A financial condition where the total debits in an account exceed the total credits, often indicating amounts owed.

Credit Balance

The amount residing in a financial account that indicates credit or the sum payable to a party, opposite of a debit balance.

Underapplied

Refers to the situation where the allocated manufacturing overhead cost is less than the actual manufacturing overhead cost incurred.